Created before Nov 2016
Last update: 2018-04-16 14:41:58
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About Wells Fargo
Wells Fargo is the third-largest bank in the United States by total assets, and the second-largest by market capitalisation, according to 2017 figures. It is headquartered in San Fransisco. In October 2008, Wells Fargo acquired the troubled bank Wachovia, then the sixth biggest bank in the US.
420 Montgomery Street
CA 94104 San Francisco
Timothy J. Sloan |
Chairman & CEO
|Annual report||Annual Report 2017|
listed on NYSE Euronext
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Projects - on record profiles
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Companies - active profiles
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Dodgy Deals map
Big Banks Face Fossil Fuel Resistance at Annual Meetings
Iowans Hold Wells Fargo Accountable for Funding Dirty Fuels and Pipelines
Report finds major banks ramped up fossil fuel financing to $115 billion in 2017
Big banks complicit in massive tar sands destruction and pollution through hundreds of billions in financing
Indigenous Groups Lead Movement to Call on Banks to Drop Enbridge’s Controversial Line 3 Pipeline
Greenpeace Investor Briefing: Problematic Pipelines
Financiers of pulp and paper industry projects will cause environmental and social harm, says new report
28 major banks warned not to finance Trans Mountain pipeline expansion
The Money Behind the Mountain Valley Pipeline: Is Your Bank Financing Another Fracked-Gas Disaster?
Indigenous leaders launch new campaign to defund all four proposed tar sands pipelines
Energy Transfer: Which banks continue to support the company behind DAPL?
Who's bankrolling TransCanada?
Financing of coal industry expansion by top banks undermining Paris Agreement
New report finds banks betting on climate change
New BankTrack Human Rights Impact Briefing: Drummond and paramilitary violence in Colombia
Morgan Stanley and Wells Fargo cut coal financing, join growing movement by banks in U.S. and Europe
Call for banks to divest from APRIL
Banks not yet living up to UN human rights principles, finds BankTrack
'Record year' for bank coal financing as latest UN climate warning looms
Report Finds Top Banks Moving Away From Coal: Citigroup and Barclays seen as laggards
New Coal Finance Report Card Exposes Risk of Extreme Energy Investments
US banks risk public health and climate by financing coal
Bankrolling Climate Change
While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning
BankTrack to Equator Principles banks; ‘get the Outside Job done’
New report card exposes largest financers of mountaintop removal coal mining
Son of Equatorial Guinea’s dictator plans one of world’s most expensive yachts
New report finds bank Carbon Principles did not curb financing of coal
Banks toughen lending rules to coal, PNC & UBS still bucking the trend
New rules for Equator Principles, but no new commitments from banks
New report card, largest financers of Mountaintop Removal coal mining
Equator Principles: Action, not words needed
How banks contribute to human rights violations: responses to the Business & Human Rights Resource Centre
Letter from Wells Fargo to Business and Human Rights Resource Centre, BankTrack on How banks contribute to human rights violations
Indigenous Peoples Statement
Letter from RAN and 13 others to 14 banks that underwrote Kinder Morgan Canada IPO on warning to finance the IPO
Letter from SumOfUs, As You Sow to Wells Fargo on Shareholder resolution to adopt a policy regarding the rights of indigenous people
Banking with Principles? Second Edition June 2016
Financing Climate Chaos
Banking with Principles?
Voluntary initiativesWells Fargo has committed itself to the following voluntary standards:
Indigenous Peoples Statement
Wells Fargo and the Equator Principles
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. Wells Fargo adopted the Equator Principles in 2005.
Reporting on the Equator Principles
Wells Fargo must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
Wells Fargo is involved in financing the following Equator Principles projects that BankTrack considers controversial.
True leader Front runner Follower Laggard
BankTrack has assessed Wells Fargo on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. Wells Fargo is assessed as a Follower, with a total score of 5/12.
Implementation and reporting
Wells Fargo is reporting on the implementation here.
Contact and complaints
Equator Principles Dodgy Deals
Wall Street turns its back on Mountaintop Removal coal mining
After sustained campaigning by RAN, eight of Wall Street's biggest banks have developed public policies limiting their appetite for investment in mountaintop removal (MTR) coal mining. By 2011, MTR policies or statements had been released by banks including Credit Suisse, JP Morgan Chase, Morgan Stanley and Wells Fargo, PNC bank and UBS. The policies were assessed by RAN in the 2011 MTR report card. RAN and others continue to scrutinize implementation of these policies.